The only reason i joined was because i didn't take the daily maintenance fee into account properly, otherwise i would never have joined.. Why? Because if you purchase sha256 mining, nearly 45% of your daily profit at (93,448,670,796 difficulty) goes into the maintenanceSo i decided to ask for a refund since they claimed to offer a 5 day moneyback guarantee...At first i got an e-mail saying that the contracts are non cancelable blah blah, however after insisting they agreed to refund me

So i should have got refunded what i invested minus what i have earned so far, however i got ripped of by about 0.03 Btc ~ 15$..

For those still wondering if they should or not invest in cloud mining, here is the stats to help you make a decision

1TH's purchased for 0.975 Btc ~ $419 at 93,448,670,796 Difficulty will generate after fees 0.0031 Btc ~ $1.33, So even without any difficulty increase you will still need nearly 1 year to just break even... And in about 20 hours the difficulty will increase by about 12% so the same contract will only generate $1.187 instead of $1.33 in Btc profit

It's so weird that some fanboys earning cents on discount coupons are backing up Genesis Mining.It's just a few cent, and yet they are defending them as if their life depends it.

The only reason i joined was because i didn't take the daily maintenance fee into account properly, otherwise i would never have joined.. Why? Because if you purchase sha256 mining, nearly 45% of your daily profit at (93,448,670,796 difficulty) goes into the maintenanceSo i decided to ask for a refund since they claimed to offer a 5 day moneyback guarantee...At first i got an e-mail saying that the contracts are non cancelable blah blah, however after insisting they agreed to refund me

So i should have got refunded what i invested minus what i have earned so far, however i got ripped of by about 0.03 Btc ~ 15$..

For those still wondering if they should or not invest in cloud mining, here is the stats to help you make a decision

1TH's purchased for 0.975 Btc ~ $419 at 93,448,670,796 Difficulty will generate after fees 0.0031 Btc ~ $1.33 daily So even without any difficulty increase you will still need nearly 1 year to just break even... And in about 20 hours the difficulty will increase by about 12% so the same contract will only generate $1.187 instead of $1.33 in Btc profit daily

It is also dependent on the time you hoped on to the cloud mining band wagon. For those who went in early when price was 200+, it wasn't that bad and everyone could project their ROI.

It's a different story now. It is better off buying BTC directly and hold them.

Exactly. It all depends when u got on, and where u think btc will be in future. U cant tell somebody it is a bad investment, what if btc goes up $600....you're mining will be worth it. I got on when btc was $287 im happy with my 1yr contract at 1Ths

Up to 1/3/2016...it seems like the payout formula is controlled mostly by difficulty and very little by BTC price as these charts are clearly showing. My physical miners and the pools they point to don't seem to be bothered by difficulty nearly as much.

Up to 1/3/2016...it seems like the payout formula is controlled mostly by difficulty and very little by BTC price as these charts are clearly showing. My physical miners and the pools they point to don't seem to be bothered by difficulty nearly as much.

I have some sha miners running in Germany, same conclusion (don't seem to be bothered by difficulty nearly as much).However the X11 i can not come close to the Genesis Mining numbers and i even use my own pool!

Up to 1/3/2016...it seems like the payout formula is controlled mostly by difficulty and very little by BTC price as these charts are clearly showing. My physical miners and the pools they point to don't seem to be bothered by difficulty nearly as much.

Well of course because as the difficulty goes up then the payouts get less and then more fee comes out for maintenance.

When you are mining yourself you dont have those worries...you just get your BTC amount and dont have to take none away.

But im sure as time gets on and you start realising your electricity bill is getting more than what you are earning in BTC, you will have to think about stopping

Genesis Mining - I have had my allocation (X11) onto Dash for quite sometime (i'm no longer on 30day eval) and I haven't received any payouts for DASH. i have address/wallet setup, and when I look at my orders...it shows as X11 DRK?

Up to 1/3/2016...it seems like the payout formula is controlled mostly by difficulty and very little by BTC price as these charts are clearly showing. My physical miners and the pools they point to don't seem to be bothered by difficulty nearly as much.

Well of course because as the difficulty goes up then the payouts get less and then more fee comes out for maintenance.

When you are mining yourself you dont have those worries...you just get your BTC amount and dont have to take none away.

But im sure as time gets on and you start realising your electricity bill is getting more than what you are earning in BTC, you will have to think about stopping

That's why you can't ROI here.

I told you all a few month ago. Buy & keep but don't invest here. At best you will get the amount you paid for.

Genesis Mining - I have had my allocation (X11) onto Dash for quite sometime (i'm no longer on 30day eval) and I haven't received any payouts for DASH. i have address/wallet setup, and when I look at my orders...it shows as X11 DRK?

Genesis Mining - I have had my allocation (X11) onto Dash for quite sometime (i'm no longer on 30day eval) and I haven't received any payouts for DASH. i have address/wallet setup, and when I look at my orders...it shows as X11 DRK?

Like I said, my 100% x11 allocation is set to DASH...but haven't gotten payment of anything x11 related since 12/30

Hmmm, strange... for now change it to Auto BTC to prevent further loss of coins. Did you made a ticket?Ow just crossed my mind, You do use a wallet right? Not a disposed walled address from Crapsy or a other online trader?

Like I said, my 100% x11 allocation is set to DASH...but haven't gotten payment of anything x11 related since 12/30

Hmmm, strange... for now change it to Auto BTC to prevent further loss of coins. Did you made a ticket?Ow just crossed my mind, You do use a wallet right? Not a disposed walled address from Crapsy or a other online trader?

Yes, I have changed it to Auto BTC this morning just to do like u said, not lose anymore coins/mining work. I sent them my concerns a few days ago via the login page "contact support" form and haven't heard back....so now I emailed them directly using their support email and got a ticket going w/them. I guess their web form doesn't work??

My Dash wallet is legit from Coinwallet.co and I have been receiving/sending fine using that wallet/address with my other deals (not genesis-mining related).

Like I said, my 100% x11 allocation is set to DASH...but haven't gotten payment of anything x11 related since 12/30

Hmmm, strange... for now change it to Auto BTC to prevent further loss of coins. Did you made a ticket?Ow just crossed my mind, You do use a wallet right? Not a disposed walled address from Crapsy or a other online trader?

Yes, I have changed it to Auto BTC this morning just to do like u said, not lose anymore coins/mining work. I sent them my concerns a few days ago via the login page "contact support" form and haven't heard back....so now I emailed them directly using their support email and got a ticket going w/them. I guess their web form doesn't work??

My Dash wallet is legit from Coinwallet.co and I have been receiving/sending fine using that wallet/address with my other deals (not genesis-mining related).

Like I said, my 100% x11 allocation is set to DASH...but haven't gotten payment of anything x11 related since 12/30

Hmmm, strange... for now change it to Auto BTC to prevent further loss of coins. Did you made a ticket?Ow just crossed my mind, You do use a wallet right? Not a disposed walled address from Crapsy or a other online trader?

Yes, I have changed it to Auto BTC this morning just to do like u said, not lose anymore coins/mining work. I sent them my concerns a few days ago via the login page "contact support" form and haven't heard back....so now I emailed them directly using their support email and got a ticket going w/them. I guess their web form doesn't work??

My Dash wallet is legit from Coinwallet.co and I have been receiving/sending fine using that wallet/address with my other deals (not genesis-mining related).

Genesis Mining - I have had my allocation (X11) onto Dash for quite sometime (i'm no longer on 30day eval) and I haven't received any payouts for DASH. i have address/wallet setup, and when I look at my orders...it shows as X11 DRK?

I have set an email few days ago. Please advise

How mutch MHs do you have?Can u make a screenshot?

Here is my dashboard:

holy crap your insane. you do realize that in 7 months or less your gonna be broke right? and none of those contracts will pay? holy crap cant believe someone actually went full foder with these guys (beside ianfoxley)anyways have fun losing your money, make sure to get them to explain how they got you when you complain in 3 months you will never see roi! hahahha omg here we go again wheres my popcorn...